ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does the R in SMA R T stand for?
A
Responsible-a goal must allow you to take charge.
B
Realistic-a goal must be realistic in how long it will take and the steps taken to achieve it.
C
Respectful-a goal must allow you to be kind and polite.
D
Repeatable-you must be able to do the goal over and over again.
Explanation: 

Detailed explanation-1: -Responsible-a goal must allow you to take charge. Realistic-a goal must be realistic in how long it will take and the steps taken to achieve it. Respectful-a goal must allow you to be kind and polite. Repeatable-you must be able to do the goal over and over again.

Detailed explanation-2: -SMART stands for specific, measurable, achievable, relevant, and time-bound.

Detailed explanation-3: -In our podcast, we explore how you get better value if you consider the R stands for relevant. Rob and Rich begin their discussion by reminding listeners what SMART stands for: Specific, Measurable, Achievable, Realistic/Relevant and Time-bound.

Detailed explanation-4: -R-Relevant Realistically or Relevant, you have the resources to achieve your goal. It is vital to set up some realistic parameters.

Detailed explanation-5: -A realistic goal is one that you can reach given your current mindset, motivation level, timeframe, skills and abilities. Realistic goals help you identify not only what you want but also what you can achieve.

There is 1 question to complete.